Tag: laws and regulation
EU’s Crypto Taxation Directive Signals Global Shift in Regulation
The European Union (EU) has adopted a cryptocurrency taxation framework that includes the automatic exchange of information on crypto-assets.
The core objective of...
Binance Declared “Illegal” by Nigeria’s SEC
Nigeria's Securities and Exchange Commission (SEC) declared the exchange and its subsidiary, Binance Nigeria Limited, "illegal."
The SEC's primary contention is that Binance...
US proposes 30% crypto mining tax
The white house published the Digital Asset Mining Energy (DAME) excise tax, dealing a significant blow to miners in the US.
Mining involves...
Africa-focused crypto firm, Paxful, finally closing shop
In 2021, Paxful had a total transaction volume of $3 billion, and Nigeria accounted for $760 million
Ray Youssef stated that the...
The modus operandi behind the elusive cryptocurrency mining scams
16 per cent of crypto users have fallen prey to crypto mining scams
Cryptocurrency mining scams work by promising investors high returns on...